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USD/CNY fix model: Projection at 6.6640 - Nomura

Nomura's model projects the fix to be 85 pips higher than the previous fix (6.6640 from 6.6555) and 1 pip lower than the previous official spot USD/CNY close of 6.6641. The basket implied change is 1 pip lower than the previous official spot USD/CNY close (6.6640 from 6.6641), Nomura adds.

Japan Trade Balance - BOP Basis declined to ¥613.9B in July from previous ¥763.3B

Japan Trade Balance - BOP Basis declined to ¥613.9B in July from previous ¥763.3B
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USD/JPY: bears about but bulls fighting back to101.80 resistance

USD/JPY is en route to the 102 handle, but the price action is not convincing and nor is the fundamental backdrop in respect of the US economy. Willi
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